Retail banking argues for exclusion from pillar one

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Retail banking argues for exclusion from pillar one

Danish Mehboob
November 25 2019
Taxpayers are asking for carve-outs, including the consumer banking sector

The retail banking sector wants to be exempted from the pillar one proposals under the OECD’s digital tax plan because of existing, heavy financial regulations and possible mismatches with OECD policy considerations under pillar one.

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Danish Mehboob
Senior Reporter ITR
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Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.
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